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Mike & Eve Del Monte
Direct Office:
847-409-1550
delmonte@delmontehomes.com
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Mike & Eve Del Monte
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Direct Office:
847-409-1550
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delmontehomes.com
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Chicago IL Real Estate & Commercial for Sale

1 Properties Found

The median home value in Chicago, IL is $280,250. This is higher than the county median home value of $267,250. The national median home value is $277,796. The average price of homes sold in Chicago, IL is $280,250. Approximately 40% of Chicago homes are owned, compared to 48% rented, while 12% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Chicago real estate agent to arrange a tour today!
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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
11077752
Type:
Other
Year built:
1958
A broker reciprocity listing Courtesy: Keller Williams Success Realty
View additional info

This fully occupied office building is offered at a very competitive cap rate based upon rents that are well below market. You can buy this building and leave everything exactly as is (the seller currently occupies a significant portion of the build and is willing to keep all of their space, or keep a portion of their space or vacate completely) OR you can bring the rents up to full market and watch your building value explode. If you merely bring the rents up to 90% of market, you'll add over $200k to the value of the building. If that's not enough of a value add opportunity, the current zoning allows residential above ground floor retail/office and the building has flexicore ceilings, so there's the possibility of adding residential units above. The location supports strong demand for retail, office and residential. Higgins has a great traffic count and high visibility and I90, the Blue Line, CTA buses, multiple Metra stops and O'Hare are all just minutes away. Ask your agent for the financial information in the flyer available to download.

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Listings courtesy of APPLICABLE MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/7/2022. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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